On October 10, 2018, Parkland announced that it had entered into an agreement to acquire 75% of the issued and outstanding shares of SOL Investments Ltd. pursuant to a business combination agreement between Parkland, Estrella Holdings Limited (a wholly-owned subsidiary of Parkland) and SIL's parent corporation, SOL Limited.
Parkland used the net proceeds from the Offering to repay a portion of the amounts outstanding under the Canadian portion of its existing revolving syndicated credit facilities. Parkland expects to draw approximately $770 million under its new senior secured debt facilities and term loan facilities, which facilities are expected to replace the Credit Facilities at or prior to closing of the Transaction, to fund a portion of the purchase price of the Transaction.

Parkland was represented by Bennett Jones LLP with a team led by John Piasta that included Harinder Basra, Hind Masri, Duncan D'Arcy and Joel Wiens (capital markets), Denise Bright, Steve Lutz and Adam Taylor (banking), Greg Johnson (tax), Mark Powell (trading and derivatives).